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Kuwait Expects Market Balance Early This Year While BP Says Oil Demand Moving Forward Will Slow Significantly

BP also thinks the world has enough reserves to meet double the demand until 2050.

Norwegian Cruise Operator Signs Commitment for HFO Free Arctic

Daniel Skjeldam, CEO of Hurtigruten, signed the Clean Arctic Alliance's Arctic Commitment on Wednesday.

Box Ship Deliveries to Outnumber Scrapped Vessels 2 to 1 in 2017, Says Alphaliner

Alphaliner says the overall delivery figure is expected to be twice as high as 750,000 TEU expected to be scrapped for 2017.

Tolson: Independent Physical Suppliers Must Quickly Adapt or Face Continuing Trend of Failed Promise in 2017

Tolson: Independent Physical Suppliers Must Quickly Adapt or Face Continuing Trend of Failed Promise in 2017

There are questions to be answered as to why there are not more companies - especially physical suppliers – celebrating a successful 2016.

Strengthened Partnership to See Wärtsilä Help Carnival Boost Vessel Efficiency

Wärtsilä says potential savings in bunker costs are expected to amount to tens of millions of dollars per year.

Viking Line LNG-Powered Vessel Set to Receive Bunker-Saving Rotor Sail

Upon receiving Norsepower's Rotor Sail Solution, the LNG-fuelled M/S Viking Grace is expected to save the equivalent of 300 tonnes of LNG fuel per year.

Color Line and Ulstein Sign LOI for World's Largest Hybrid Vessel

The ferry is set to be a plug-in hybrid vessel that uses batteries recharged with "green electricity" from onshore facilities or onboard by the ship's generators.

Bunker-Saving HullWiper Approved for Use at Spain's Port of Valencia

GAC EnvironHull says it is now offering a 20 percent discount on all HullWiper cleans conducted at Valencia.

EMSA Calls Fuel Cells "Promising" Technology for Shipping

The declaration came alongside the release of the EMSA Study on the use of Fuel Cells in Shipping.

OOCL Taipei Becomes First Vessel to Utilise Shore Power at Port of Shenzen Terminal

The vessel is said to have successfully plugged into DaChan Bay Terminals' shore power system on January 22.

IMO PPR Sub-Committee Charts Plan for Consistent Implementation of 0.50% Sulfur Cap

"Inconsistent and ineffective implementation would increase the uncertainty concerning actual market demand," says the committee.

IBIA Announces Updated Bye-Laws

Key changes include the length of board member and board officer terms.

Dan-Bunkering Serves Arrest Warrant on PDZ Vessel Over Bunkers

PDZ is said to have been served with a writ in admiralty action in rem and an arrest warrant for the vessel on Tuesday.

"Growing Consensus" Over Who Should Be Paid Disputed OW Bunker Bills

"Growing Consensus" Over Who Should Be Paid Disputed OW Bunker Bills

Judge Caproni's latest decision recognises that OW Bunker took on financial risk and 'provided' the bunkers, writes Montgomery McCracken's Robert E. O'Connor.

Green Group Raises Concerns Over On-Board Shipping Emissions Levels

"So far we have only been able to document the air pollution of ships on land ," says NABU.

EU Council Approves New Rules on Port Services, Including Bunkering

The new rules set out conditions for EU ports wishing to apply minimum requirements for services.

LNG Spot Index Set to Launch on Singapore Exchange

The new index, launched by Tullett Prebon and SGX, is set to launch in this year's second quarter.

Shaky Baltic Dry Index Dips Below 900 for the Second Time This Month

However, some industry analysts suggest that the latest drop in the dry bulk market may be the year's low point.

New Large Capacity Tanks to Support China's Uptake of LNG Bunkers

CIMC Enric's has developed new 40 foot containers for multi-modal transport, as well as a 14,000 cubic metre LNG feeder carrier.

Oil prices Continue to Trade in a Tight Range

Bunker prices were mostly stable in the primary ports.

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